General Fusion “pleased” with public-market debut after redemption-heavy SPAC deal
Deal gives fusion company enough cash to complete its current program.
Hardware
Nord Quantique announces latest advance in quantum error correction
Québec company says it has reduced “bookend” errors to under 0.1 percent.
Reaction Dynamics CEO wants more Canadian LPs to back moonshots
At a Startupfest hardtech panel, Bachar Elzein argued for a wider private capital pool.
MDA Space will buy 567-million-euro majority stake in French satellite company
Acquisition will create one of the largest space-based geointelligence businesses in the world, MDA says.
Xanadu visits the White House for quantum summit
Toronto quantum computing firm was the lone Canadian representative in attendance.
AI4Eyes sets its sights on faster dry eye diagnoses in Montréal clinics
Healthtech startup will start testing new tech as part of Quebec-backed medtech initiative.
Scandium Canada acquires, rebrands ski-maker Ferreol Technologies
Ferreol’s alloys built high-performing skis. Scandium wants to use them to make spacecraft one day.
Telesat donates satellite capacity for Venezuela’s recovery efforts
Local telecom to use connectivity for communications and emergency response.
Stathera raises $55 million USD for semiconductor clock tech amid data centre boom
CEO says there’s “no reason” precision timing tech can’t be built in Canada.
Mecka AI acquires Docula as it builds the data layer for robotics
Three-person Canadian AI startup joining the majority-Canadian Mecka team.
Robotics startup Sanctuary AI appoints former MDA exec as CEO
Interim CEO’s departure continues string of leadership changes at Vancouver-based startup.
Wyvern selected for NASA satellite data program
Commercial Satellite Data Acquisition program will bring Wyvern’s hyperspectral imaging to NASA researchers.
Former Quantum Industry Canada CEO joins US-based IonQ
Inaugural leader of QIC, Lisa Lambert, now IonQ’s managing director for Canada.
MDA Space to buy Raytheon’s satellite maker for $620 million USD
Company says acquisition capitalizes on US government’s growing demand for defence space missions.
Quantum Industry Canada CEO Lisa Lambert to step down
The organization’s first leader plans to leave for new career opportunities at the end of June.